Isn’t that the truth.

When you consider that most outsourcing is done based on upside down business cases that make ZERO business sense, industry trends (everyone else is outsouring HR so we will to), or something that some CEO read in some in-flight magazine.

I would LOVE to see some big firm outsource their finance department. The panic and ripple effects might finally put an end once and for all of all of this outsourcing madness.

No one outsources accounting**. Accounting outsources you.

** except for small businesses that don’t have accountants to start with

Did I read that right? GM doesn’t outsource accounting and finance… Given the mess that IS GM accounting and finance… maybe they should.

It’s ironic, to say the least, to watch journalists working for insolvent companies like the NYTimes lecture Detroit about not changing with the times.

I agree with Will about 60% of the time, but I’d like him to at least acknowledge that some of his income comes from a company, ABC, that makes its money from what technically belongs to the public, i.e. broadcast frequencies. The government’s even giving out $40 vouchers so that viewers can continue to watch ABC broadcasts after the industry switches to digital.

“Your Tax Dollars at Work in GMAC
by George Will”

http://townhall.com/Columnists/GeorgeWill/2009/01/08/your_tax_dollars_at_work_in_gmac

G said no… then hemmed and hawed about how they’ll just make “modifications.”

… uhhh…. aren’t modifications to a contract sorta kinda like reopening it?

…and if you don’t reopen it? Titanic. Iceberg. Ramming Speed.

G gives weasels a bad name.

$9.4b is a lot of money to count, they obviously need to increase their F&A department to spend it appropriatly!

Temps and contractors.

Look, would you want to be involved with GM on a long-term basis? Would you want that on your resume?

On their side, accounting is one of the few nonunion functions many businesses don’t outsource: IT, HR and Marketing are probably already handed over to other firms, and Logistics/Operations are all lifers, so all you have left, outside of lineworkers, broom pushers and upper-office suits is the beancounters. And they aren’t going to hire anyone permanently, not with their cashflow.

I always find it funny that, in any company I’ve worked at, F&A is always the last to see it’s functions outsourced. No, scratch that, I’ve never seen F&A outsourced. I suspect accountants have no trouble outsourcing others, but can’t bring to do it to themselves.

GM has a total of 56 open jobs posted on their website. Of those, 36 are finance and accounting jobs.

Unless their accounts are flying out the door (which they might be), it’s tough to understand why they’re hiring so many more accountants.

This is the stuff that should be scrutinized.